Downtown Des Moines renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Downtown Des Moines is about $1,121 per month. This puts it in the 82nd percentile compared to the city average cost of rent, which is $1,036. Households in Downtown Des Moines have a median income of $4,768 per month so the average renter in Downtown Des Moines is spending roughly 24% of their earnings on housing.
Nationally, and in Downtown Des Moines, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Des Moines is $310,972 right now, which is higher than nearby neighborhoods, meaning that rents in Downtown Des Moines also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Downtown Des Moines while lower rent rates are often available in eastern areas.
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